CCUS gains traction in China after slow start
Country’s largest energy and industrial companies take the lead in early development ahead of wider deployment of technology
Carbon capture, utilisation and storage (CCUS) is picking up momentum in China with the support of more climate-focused policies and guidance from the central government since President Xi Jinping made his carbon peaking and carbon-neutrality pledges two years ago. The sharper focus on CCUS was underlined by its inclusion last year in China’s five-year plan for the first time, with calls for more demonstration projects that analysts say should lay a solid foundation for development. China aims to peak CO₂ emissions before 2030 and achieve carbon-neutrality before 2060, Xi announced in September 2020. The country’s energy and industrial heavyweights are leading the early development of CCUS a
Also in this section
1 May 2024
Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach
29 April 2024
Decarbonisation push and shifting multilateral trade policy sharpens continent’s need for carbon trading
29 April 2024
Canada’s oil sands producers need policy certainty to make the multibillion-dollar investments needed to achieve net zero, Pathways Alliance president Kendall Dilling tells Carbon Economist
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV